# What is the EMI for 30 lakhs home loan for 20 years?

Emi Calculated on 6.80%.

Monthly Payment (EMI) Total Interest Payable in 20 years Total Payment (Principal + Interest) after 20 years for 30 Lakh of loan amount
Rs.22900 Rs.2496045 Rs.5496045

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## Beside this, what is limit in SBI home loan?

Loan Amount Eligibility. ₹ 25 Lakh to ₹ 7 Cr. Maximum loan as percent of property value. Upto 90% Maximum EMI as percent of income.

One may also ask, how much home loan can I get on 80000 salary? For instance, if your net salary is Rs. 55,000, you will be eligible for a loan of approximately Rs 33 lakhs.

Net Monthly Income (Rs.) Home Loan Amount (Rs.)
60,000 46,43,370
70,000 54,81,756
80,000 63,20,142
90,000 71,58,529

## In this regard, what is the EMI for 20 lakhs home loan?

EMIs on a 20 lakh home loan for 30 years

Loan Amount Interest rate EMI
Rs.20 lakh 6.70%* Rs.17,551

## How much home loan can I get on 80000 salary?

For instance, if your net salary is Rs. 55,000, you will be eligible for a loan of approximately Rs 33 lakhs.

Net Monthly Income (Rs.) Home Loan Amount (Rs.)
60,000 46,43,370
70,000 54,81,756
80,000 63,20,142
90,000 71,58,529

## What is the monthly interest on 20 lakhs?

Monthly Interest for Senior Citizens:

Investment amount Monthly interest for Senior Citizens Commutative interest for 5 years
5 lakh Rs.2,729 Rs. 1,931,122
10 lakh Rs.5458 Rs.3,86,243
15 lakh Rs. 8,187 Rs.5.79,365
20 lakh Rs. 10, 917 Rs. 7,72,486

## What is the EMI for 25 lakhs home loan?

EMI on a 25 lakh home loan for 20 years, 15 years and 10 years

Loan Amount EMI when Tenor is 10 Years EMI when Tenor is 20 Years
Rs.25,00,000 Rs.33,038 Rs.24,126

## What is the EMI for 20 lakhs home loan for 5 years?

EMI Calculation for 20 Lakh Home Loan amount for Various Tenure Options:

Tenure Options EMI Per Month
5 Years Rs. 39, 414
10 Years Rs. 23,016
15 Years Rs. 17,754
20 Years Rs. 15,267

## How much home loan can I get on 50000 salary?

Hence, your salary will become Rs. 49,000 if you deduct these two from it. Now, the home loan amount you will be eligible for is Rs. 29.4 Lakh.

Net Monthly income Home Loan Amount
Rs.25,000 Rs.18,64,338
Rs.30,000 Rs.22,37,206
Rs.40,000 Rs.29,82,941
Rs.50,000 Rs.37,28,676

## How much EMI can I get for 20 lakhs?

EMI on a 20 lakh home loan for 20 years

Loan Amount Interest rate EMI
Rs.20 lakh 6.70%* Rs.19,300

## Can I pay home loan amount early?

Yes, lenders allow both full and part prepayment of a home loan. You can pay a certain portion of the outstanding balance and go with the same EMI afterward.

## What is the EMI for 25 lakhs home loan for 10 years?

EMI on a 25 lakh home loan for 20 years, 15 years and 10 years

Loan Amount EMI when Tenor is 10 Years EMI when Tenor is 20 Years
Rs.25,00,000 Rs.33,038 Rs.24,126

## How is monthly installment calculated on a home loan?

The mathematical formula for calculating EMIs is: EMI = [P x R x (1+R)^N]/[(1+R)^N-1], where P stands for the loan amount or principal, R is the interest rate per month [if the interest rate per annum is 11%, then the rate of interest will be 11/(12 x 100)], and N is the number of monthly instalments.

## What is the monthly EMI for 25 lakhs home loan?

25 Lakh Home Loan EMI for 20 Years

Total Loan Amount Monthly Installment/ EMI Total Interest Paid
FRs. 25 Lakhs Rs.19083 Rs.20,80,037

## How much home loan can I get on 25000 salary?

25,000, you can avail as much as Rs. 18.64 lakh as a loan to purchase a home worth Rs. 40 lakh (provided you have no existing financial obligations.)

## What is the interest of 25 lakh in SBI?

SBI Personal Loan Interest Rates 2021 @ 9.60% Upto 25 Lakh.

## What is the EMI for 10 lakhs home loan for 10 years?

EMI Calculation for a Home Loan of Rs. 10 Lakh with Different Tenors

Loan Amount EMI when Tenor is 10 Years EMI when Tenor is 15 Years
Rs. 10,00,000 13,215 10,746

## How can I close my SBI home loan fast?

1. Choose home loan tenure as short as possible.
2. Increase your home loan EMI with time.
3. Prepay your home loan whenever possible.
4. Opt for balance transfer for lower home loan interest rate.

## What is the EMI for 10 lakhs home loan for 10 years?

EMI Calculation for a Home Loan of Rs. 10 Lakh with Different Tenors

Loan Amount EMI when Tenor is 10 Years EMI when Tenor is 15 Years
Rs. 10,00,000 13,215 10,746

## How much home loan can I get if my salary is 15000?

Here taking a salary as ₹ 30k, & without any fixed monthly obligation, you can pay a maximum of ₹ 15,000 as EMI considering 50% FOIR. If the interest rate is 10% per annum, the loan amount eligibility can be arrived at ₹ 17,09,806 using a home loan eligibility calculator (assuming 3 household members).

## How can I reduce my SBI home loan EMI?

Simple Ways to Reduce Your Loan EMI

1. Opt for a Higher Down Payment. …
2. Choose a Loan With a Longer Repayment Tenure. …
3. Go for a Step-Down EMI Plan. …
4. Consider Taking Loans With Your Existing Bank. …
5. Negotiate With Bank For Lower Rate. …
6. Compare Before You Switch Your Lender. …
7. Full or Part Prepayment Helps Reduce Loan Burden.

## How much loan can I get if my salary is 17000?

With a salary of ₹ 17,000, the maximum amount he is eligible for is ₹ 3.87 Lakh. The interest he has to pay for this amount for 48 months is 11.99%.

## What is the EMI for 25 lakhs home loan for 10 years?

EMI on a 25 lakh home loan for 20 years, 15 years and 10 years

Loan Amount EMI when Tenor is 10 Years EMI when Tenor is 20 Years
Rs.25,00,000 Rs.33,038 Rs.24,126

## How much loan can I get on my salary of 15000?

A: A salary of Rs. 15,000 generally falls in the category of a low-income borrower group. So, an instant personal loan app with a maximum approval amount of 1.5 Lakhs can be availed by the borrower with a starting salary of Rs. 15,000.

## What is the EMI for 40 lakhs loan?

EMI Calculations for a Home Loan of Rs. 40 Lakh with varying Tenors

Loan Details Monthly Instalment
40 lakh home loan EMI for 30 years Rs. 35,103
40 lakh home loan EMI for 20 years Rs. 38,601
40 lakh home loan EMI for 15 years Rs. 42,984
40 lakh home loan EMI for 10 years Rs. 52,860

## Can I get home loan for 5 years?

SBI Flexipay Home loan provides an eligibility for a greater loan. It offers customer the flexibility to pay only interest during initial 3-5 years and thereafter in flexible EMIs. This variant of SBI home loan is very useful for young salaried between 21-45 years.

## How much home loan can I get on 25000 salary?

25,000, you can avail as much as Rs. 18.64 lakh as a loan to purchase a home worth Rs. 40 lakh (provided you have no existing financial obligations.)

## How much loan can I get on 40000 salary?

Multiplier Method

Salary Expected Personal Loan Amount
Rs. 20,000 Rs. 5.40 lakhs
Rs. 30,000 Rs. 8.10 lakhs
Rs. 40,000 Rs. 10.80 lakhs
Rs. 50,000 Rs. 13.50 lakhs

## What is the monthly interest on 1 lakh in SBI?

Likewise, for an investment of Rs 20 Lakhs, you will get Rs. 10,517 as monthly interest.

Investment amount Monthly interest Cumulative interest for 5 years
1 lakh Rs. 526 Rs. 37,009
5 lakh Rs.2,629 Rs. 185,043
10 lakh Rs.5,258 Rs.3,70,087

## What is the interest of 30 lakh in SBI?

For First Five Years EBR 6.65%

LOAN AMOUNT Applicable Interest Rate
Up to Rs 30 Lacs EBLR+ 85 bps ER: 7.50%
Above Rs 30 Lacs to Rs 75 Lacs EBR +95 bps ER: 7.60%
Above Rs 75 Lac EBR + 105 bps ER: 7.70%

## How much loan can I get on 17000 salary?

With a salary of ₹ 17,000, the maximum amount he is eligible for is ₹ 3.87 Lakh. The interest he has to pay for this amount for 48 months is 11.99%.

## How much home loan can I get on 20000 salary?

Net Monthly Income (₹) Loan Amount (₹)
₹ 20,000 ₹ 10,36,246
₹ 25,000 ₹ 13,73,026
₹ 30,000 ₹ 17,09,806
₹ 35,000 ₹ 20,46,586

## How much loan can I get on 40000 salary?

Multiplier Method

Salary Expected Personal Loan Amount
Rs. 20,000 Rs. 5.40 lakhs
Rs. 30,000 Rs. 8.10 lakhs
Rs. 40,000 Rs. 10.80 lakhs
Rs. 50,000 Rs. 13.50 lakhs

## How much loan can I get on 60000 salary?

However, if you are deliberating on the loan amount with how much loan I can get on a 60,000 salary, the approved amount should be close to

Salary Expected Personal Loan Amount
Rs. 40,000 Rs. 10.80 lakhs
Rs. 50,000 Rs. 13.50 lakhs
Rs. 60,000 Rs. 16.20 lakhs

## How much loan can I get on 60000 salary?

However, if you are deliberating on the loan amount with how much loan I can get on a 60,000 salary, the approved amount should be close to

Salary Expected Personal Loan Amount
Rs. 40,000 Rs. 10.80 lakhs
Rs. 50,000 Rs. 13.50 lakhs
Rs. 60,000 Rs. 16.20 lakhs

## What will be the EMI for 50 lakhs?

Rs 50 lakh home loan EMI for 20 years at interest rate of 7.5% has a monthly EMI of Rs 40,280. This means that the total interest paid is Rs 47 lac during the full loan tenure without any prepayments. Rs 50 lakh home loan EMI for 15 years at interest rate of 7.5% has a monthly EMI of Rs 46,351.

## How much home loan can I get on 15000 salary?

Here taking a salary as ₹ 30k, & without any fixed monthly obligation, you can pay a maximum of ₹ 15,000 as EMI considering 50% FOIR. If the interest rate is 10% per annum, the loan amount eligibility can be arrived at ₹ 17,09,806 using a home loan eligibility calculator (assuming 3 household members).

## What is the monthly interest on 20 lakhs?

Monthly Interest for Senior Citizens:

Investment amount Monthly interest for Senior Citizens Commutative interest for 5 years
5 lakh Rs.2,729 Rs. 1,931,122
10 lakh Rs.5458 Rs.3,86,243
15 lakh Rs. 8,187 Rs.5.79,365
20 lakh Rs. 10, 917 Rs. 7,72,486

## How much home loan can I get on 50000 salary?

Hence, your salary will become Rs. 49,000 if you deduct these two from it. Now, the home loan amount you will be eligible for is Rs. 29.4 Lakh.

Net Monthly income Home Loan Amount
Rs.25,000 Rs.18,64,338
Rs.30,000 Rs.22,37,206
Rs.40,000 Rs.29,82,941
Rs.50,000 Rs.37,28,676

## Which bank is best for housing loan?

Best banks to get your home loan in 2021

• Union Bank of India.
• Union Bank home loan interest rate.
• Kotak Mahindra Bank.
• Kotak Mahindra home loan interest rate.
• Bank of Baroda.
• Bank of Baroda home loan interest rate.
• Punjab National Bank.
• Punjab National Bank home loan interest rate.

## How much home loan can I get on 50000 salary?

How much home loan can I get on my salary?

Net Monthly income Home Loan Amount
Rs.25,000 Rs.18,64,338
Rs.30,000 Rs.22,37,206
Rs.40,000 Rs.29,82,941
Rs.50,000 Rs.37,28,676

## What will be the EMI for 50 lakhs?

Rs 50 lakh home loan EMI for 20 years at interest rate of 7.5% has a monthly EMI of Rs 40,280. This means that the total interest paid is Rs 47 lac during the full loan tenure without any prepayments. Rs 50 lakh home loan EMI for 15 years at interest rate of 7.5% has a monthly EMI of Rs 46,351.

## What is the EMI for 20 lakhs home loan for 5 years?

EMI Calculation for 20 Lakh Home Loan amount for Various Tenure Options:

Tenure Options EMI Per Month
5 Years Rs. 39, 414
10 Years Rs. 23,016
15 Years Rs. 17,754
20 Years Rs. 15,267

## What if I pay more than my EMI?

Yes, you can pay more than the regular EMI. The excess amount will not only decrease your principal outstanding, but also reduce your interest burden. You can pay one extra EMI (than the usual number of EMIs) every year. This is an effective way to reduce your loan tenure, and in turn to lower the interest cost.

## What is the EMI for 10 lakhs home loan for 10 years?

10,572

Loan Amount EMI when Tenor is 10 Years
6 lakh home loan EMI Rs.7,929
5 lakh home loan EMI Rs.6,608
4 lakh home loan EMI Rs.5,286
3 lakh home loan EMI Rs.3,965

## Is it good to clear home loan early?

If your total interest outgo is greater than the amount of tax deduction then it is wise to invest the surplus money in closing/reducing the home loan. … In such cases, it is not advisable to foreclose the loan because the tax benefits will bring down the effective interest rate.

## Is it good to clear home loan early?

If your total interest outgo is greater than the amount of tax deduction then it is wise to invest the surplus money in closing/reducing the home loan. … In such cases, it is not advisable to foreclose the loan because the tax benefits will bring down the effective interest rate.

## What is the EMI for 25 lakhs home loan for 10 years?

EMI on a 25 lakh home loan for 20 years, 15 years and 10 years

Loan Amount EMI when Tenor is 10 Years EMI when Tenor is 20 Years
Rs.25,00,000 Rs.33,038 Rs.24,126

## What is the interest rate of 25 lakh?

25 Lakh Home Loan EMI for 25 Years

Total Loan Amount Monthly Installment/ EMI Total Interest Paid
Rs. 25 Lakhs Rs.17352 Rs.27,05,540

## What is the EMI for 15 lakh home loan?

Rs. 15 Lakh Home Loan EMI Details

Loan Amount Rate of Interest EMI per month
Rs. 15 lakh 6.80% p.a. Rs.17,262
Rs. 15 lakh 6.80% p.a. Rs.13,315
Rs. 15 lakh 6.80% p.a. Rs.11,450
Rs. 15 lakh 6.80% p.a. Rs.10,411

## How much home loan I can get if my salary is 50000?

Hence, your salary will become Rs. 49,000 if you deduct these two from it. Now, the home loan amount you will be eligible for is Rs. 29.4 Lakh.

Net Monthly income Home Loan Amount
Rs.40,000 Rs.29,82,941
Rs.50,000 Rs.37,28,676
Rs.70,000 Rs.52,20,146

## How much home loan can I get on 40000 salary in SBI?

Salary / Income per Month

Salary / Income per Month SBI Home Loan Eligibility HDFC Home Loan Eligibility
25000 1400000 1350000
30000 1700000 1600000
35000 2000000 1900000
40000 2300000 2200000

## How much home loan can I get on 25000 salary?

25,000, you can avail as much as Rs. 18.64 lakh as a loan to purchase a home worth Rs. 40 lakh (provided you have no existing financial obligations.)

## What is minimum salary required for home loan?

What is the Minimum Salary for a Home Loan? Your salary should be above Rs. 15,000 per month to qualify for a home loan.

## How much EMI can I get for 5 lakhs?

EMI Calculation for 5 Lakh Home Loan amount for Various Tenure Options:

Tenure Options EMI Per Month
5 Years Rs. 9,853
10 Years Rs. 5,754
15 Years Rs. 4,438
20 Years Rs. 3,817

## How much home loan can I get on 25000 salary?

25,000, you can avail as much as Rs. 18.64 lakh as a loan to purchase a home worth Rs. 40 lakh (provided you have no existing financial obligations.)